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i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's absolutely true. i mean, what i just heard from jack welch was about with respect, i guess was about ten minutes of absolute nonsense with no grounding in what the bureau of labor statistics actually does. he's absolutely right, that a very large jobs number in the household survey is an outlier, it's unusual. these things happen. that number has a large margin of error around it. the bureau of labor statistics are very public about that. >> these are nonpoliticians, absolute bureaucratic government surveys is. >> that's the point. it wasn't that jack welch was raising a question o
i like jack. i'm fond of the guy obviously. jack welch raised the question. it was his business instinct the and attitude towards this president, that came together at 8:35 and tweeted out this unbelievable jobs numbers, these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i just heard ezra klein say a few minutes ago out here in the room, that a 0.3% shift in the unemployment rate is not wild. it's conceivable. your thoughts? >> that's...
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jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president biden. you heard that discussion. i like jack. i'm fond of the guy. jack welch has raised the question, but it was obviously his business instinct and his attitude i think towards this president that came together at 8:35 and he tweeted out this, unbelievable jobs numbers. these chicago guys will do anything. can't debate so they change the numbers. i'll go back to what i heard ezra klein say in the room, that a 0.3 of 1% shift in the unemployment rate is not wild. it's very conceivable. your thoughts. >> that's absolutely true. i mean, what i just heard from jack welch was about -- with respect i gue
jack welch does not believe the boys in chicago changed the numbers? >> no, jack welch is raising the question for some good analyst to go look at. >> okay. good. you're raising the question. you certainly did that. jack welch, thank you for joining us at the very top of "hardball" tonight. >> thank you. >> with me not to fight with jack but to have a different point of view is jared bernstein, former chief economist and economic adviser to vice president...
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i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every single month. so how do they feel to you? does this feelt like a surprising report to you? >> it was surprising. it was better than most people were expecting. it was better than any of the forecasters on wall street were predicting. but that happens sometimes. there's a reason they do these studies. if we already knew what was going to happen, there wouldn't be a point to doing it. and sometimes there's going to be surprises. the truth is, you alluded to this. a lot of the numbers are more consistent with what we're seeing in the economy. the payrolls number,
i'm going to play you what jack welch had to say today. listen to this. >> these numbers don't smell right when you think about where the economy is right now. it's just ironic that these assumptions all came this way the month before the election. you draw your own conclusions. >> first, it's not actually ironic. but, i think this is what it's been really about. it doesn't sort of if fit jack welch's sense of economy smell. it feels a little off to poem. you deal with numbers every...
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former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response. >> it is noticeable that a lot of economist are saying this is not possible. you would need more than 114,000 jobbings. i don't think it matters except to broadcasting tv shows or writing for newspaper what number they throw up on the screen. people know they are out of work and in jobs and they are way overqualified for and working part-time. so many people are going out of business and under working now. 23 million unemployed difference does it make? >> the numbers simply write away the 211,000,000 people stopping to look for people. >> oh,
former chairman jack welch is skeptical. meaning that employers added a modest 114,000 jobs and the drop comes at a critical time for the president who is coming off a weak debate performance with romney. joining us is new york times best selling author out with the latest book. ann coulter. at this point in time the president said we will be at 5.6 and enjoying that part of the economy and a more comfortable position and now they are running with this new number. what is your response....
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jack welch should be ashamed of himself. officially the white house, josh earnest, white house spokesman aboard air force one telling reporters just dismissing it out of hand. almost refused to even consider it. >> yeah. right at the top of the show, ph too, jared, he echoed this. see you again. >>> the truth about big bird and pbs. could he become extinct? the numbers straight ahead. >>> plus a few loose screws. the saga of american airlines and how did it all come apart so fast? a speed bump! [ wife ] a beached whale! lawn clippings! a mattress. a sausage link. mermaid. honey!? driftwood. come on, you gotta help us out here a little. [ male announcer ] febreze eliminates odors and leaves carpets fresh. ♪ [ male announcer ] febreze. eliminates odors and leaves carpets fresh. ♪ ♪ lord, you got no reason ♪ you got no right ♪ ♪ i find myself at the wrong place ♪ [ male announcer ] the ram 1500 express. ♪ it says a lot about you. ♪ in a deep, hemi-rumble sort of way. guts. glory. ram. gives you a 50% annual bo
jack welch should be ashamed of himself. officially the white house, josh earnest, white house spokesman aboard air force one telling reporters just dismissing it out of hand. almost refused to even consider it. >> yeah. right at the top of the show, ph too, jared, he echoed this. see you again. >>> the truth about big bird and pbs. could he become extinct? the numbers straight ahead. >>> plus a few loose screws. the saga of american airlines and how did it all come...
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jack welch will be the guest of neil cavuto on "your world" next hour. joining us is the author of "rebounders, how winners pivot from set back to success." good to see you. you don't think anyone is cooking the books? >>guest: i never would say this about jack welch, an accomplished business executive but the suggestion is silly. there are a lot of variation in the surveys. we heard about that a few moments ago. what is likely to happen in the next month or two, the numbers are too high or too low and the next set of numbers are revised. they start, the surveys, they come closer to together. there were oddities in the survey. but there are often oddities in the surveys. but this time we are only a month away from the election. >>trace: you look at the numbers, 114,000 jobs added. that is anemic compared to the big picture. but all day you see the big number flash on the screen, 7.8 percent unemployment. if you are in the president's camp, that looks good. >>guest: whether that is legitimate or not he will get the benefit of it for the next month because
jack welch will be the guest of neil cavuto on "your world" next hour. joining us is the author of "rebounders, how winners pivot from set back to success." good to see you. you don't think anyone is cooking the books? >>guest: i never would say this about jack welch, an accomplished business executive but the suggestion is silly. there are a lot of variation in the surveys. we heard about that a few moments ago. what is likely to happen in the next month or two, the...
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you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but the actually throw out an accusation, that's like asking the government how often do you beat your wife? >> i should have had a question mark, at the back of it. let's face it. but the facts are no matter how you want to look at this, we had 25 economists polled before this number came out. the average number they expected was about 115,000. >> yes. >> not one of them had a number below 8.1. >>> tomorrow, three suspected terrorists are expected to make their first court appearance in new york. they were extradited from britain overnight after a legal battle that lasted more than ten years. one suspect has a hook for a hand and has called osama bin laden a hero. the radical cler iic is wanted r several crimes commit against the united nations the
you are jack welch. you got to take this opportunity while everybody is listening to you to actually say yes, anderson, i'm taking that tweet back. i'm going to accepted a new tweet to say i was exaggerating. there are problems, maybe bls should look into it, but the actually throw out an accusation, that's like asking the government how often do you beat your wife? >> i should have had a question mark, at the back of it. let's face it. but the facts are no matter how you want to look at...
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howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying but it doesn't quite feel wlik the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you came from, talk to the people you grew up with. >> all advice appreciated. we're moving on to win on election day on november 6th. >> it's free. anyway, coming up -- thank you, mr. mayor. coming up, mitt romney attacks president obama on foreign policy saying if he were president, he would heat up and prolong every war front in the world, iraq, afghanistan, syria. more war, continuous war, new wars. that's the romney plan. >>> also, joe the first responder. he's taken guff for his gaffes and been lampooned on "snl" but surprise, surprise, vice president joe biden is the guy who democrats are counting on this we
howard, jack welch was here friday, he did all right. >> i would say it doesn't feel -- i get what the mayor is saying but it doesn't quite feel wlik the chorus you're talking about for some reason. speaking of surrogates, what about the entertainment people? they love barack obama. get out of l.a. and get on the road. >> go to your hometown and tell people what you think. never talk out of l.a., never talk out of new york. i say this to every celebrity i know, go home where you...
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jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last night and he said he wouldn't take a word back of that tweet, but he admitted he had no evidence the to back it up. again, there are people on both sides of the aisle who are rushing to defend the integrity of the people who get those numbers together every month, melissa. >> the president said the burden is now on congress. what is it that the president now wants congress to do? >> reporter: congress is not coming back until after the election. that is clear. and the first order of business at the lame duck session is what to do about the fiscal clif
jack welch is almost famous or infamous by now. jack welch, the former ceo of general electric, tweeting out that, you know, the innuendo that the bureau of labor statistics had cooked the books. that was called utter nonsense by the deputy white house spokesman. others, including jared bernstein, who is an economist here until recently in the white house, said that welch should be ashamed of himself. you know, he's sort of out there on an island, jack welch. he was on "hardball" last...
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i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be kidding on this thing. i kind of think they were kidding. i hope they were kidding. i mean, there's absolutely no evidence of political changing the numbers. and if somebody were changing the numbers, why would you make the numbers last month worse than expected? why would you make the payroll numbers at 114,000, not especially impressive. it just doesn't make any sense. >> all right. austan, thanks very much for coming in. >> great to see you again mpkts a check of the top stories and then something that would change the headlines about the oba
i'm friend with jack welch and i tweeted him back. i said, jack, i love you, but on this one you've just flat out lost your mind. there's an ironclad firewall with criminal penalties for anybody at the bls to have any kind of political interference or to release any of the numbers early. it's totally impossible to do that. you've seen all the reputable republicans that have worked with the bureau of labor statistics in the past, past cea chairs come out and say, look, come on, you've got to be...
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et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change numbers. >> let's be clear. when people were really most upset about is jack welch directly saying that somehow the obama campaign twisted the numbers. >> right. and, look, you can talk about how debt are collected, you can talk about statistically anomalies, about the fact that the recovery has been subpar. that's what jack welch is saying he's right about, the recovery has been supposed par. everyone was having that real conversation. but to say that someone directly changed the numbers because
et cetera talk about jack welch still stirring the pot on this. almost all bona fide economists, many who have advised both, you know, presidents of both parties have said there was a statistically anomaly showing the unemployment rate fell but only 114,000 jobs were created and anomalies after when you look at a long series of data. jack welch, the 7.8% unemployment figure released by the bureau of labor statistics last week is down right implausible. this is a tweet, unbelievable jobs...
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so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002, during which time he served as defendant in two supreme court case on affirmative action. thank you for talking with us. >> thank you for having me. >> when that case ended back in 2003, the sense was, maybe we'll need to discuss this for another 25 years. so here we are nine years later. affirmative action before the supreme court. what has changed that this is now before the supreme court again? >> well, i don't think anything has changed. i think the gruder decision which was in 2003 as you mentioned, really for the first time set down the princip
so jack welch just can't let it go. said he was right about the strange jobs report. >> if you say so, sir. >>> in just a few hours the supreme court justices are going to begin hearing arguments concerning affirmative action in college admissions. abigail fisher claims the university of texas rejected her because she's white. let's talk to somebody who knows a lot about this firsthand. president of columbia university, president of university of michigan between 1996-2002,...
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jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this. >> pretty good reaction so far. >> for sure. we see green arrows across the board so far this morning today. let's talk about the revisions that we've seen because we were talking earlier before we started the show that these can go either way, and -- >> and they often do. >> and they often do. >> during recoveries, you tend to get upward revision in prior numbers, whether it's the last couple months, or as the labor department does every year, there's a set of benchmark revisions to prior data that go back even a couple years. we saw that ove
jack welch should be ashamed of himself. there is absolutely no way the bureau of labor statistics cooks these numbers. they have tremendous integrity. i'm sorry he doesn't like the direction of the numbers. i will very much, as i said, admit that these numbers jump around from month to month, they do, but to say that these books are cooked is terribly obfuscating and completely wrong. >> can we show what the numbers are doing on wall street right now. i want to get ron's look at this....
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and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one (vo) what is said here could decide the election. current tv presents coverage of the vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice be part of this democracy and see your tweets up on our screen. >>now that's politically direct. tell them it's like being nestled in an eight-way, adjustable, heated and ventilated seat surrounded by a 500-watt sound system while floating on a suspension made of billowy clouds. or you could just hand them your keys. ♪ ♪ ♪ ♪ [ dennis' voice ] i bet he's got an allstate agent. they can save you up to 30% more by bundling your policies. well his dog's stupid. [ dennis' voice ] poodles are one of the
and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one (vo) what is said here could decide the election. current tv presents coverage of the vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like...
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and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice be part of this democracy and see your tweets up on our screen. >>now that's politically direct. ♪ ♪ ♪ ♪ nah, he's probably got... [ dennis' voice ] allstate. they can bundle all your policies together. lot of paperwork. actually... [ dennis' voice ] an allstate agent can help do the switching and paperwork for you. well, it probably costs a lot. [ dennis' voice ] allstate can save you up to 30% more when you bundle. well, his dog's stupid. [ dennis' voice ] poodles are one of the world's smartest breeds. ♪ ♪ bundle and save with an allstate agent. are you in
and later in the program, jack welch, what a clown. now they've got a new conspiracy theory. >> do you want to take that back? >> no, i don't want to take back one word in that tweet. vice presidential debate. with unrivaled analysis and commentary. >> was this the game changer? is this going to change the dynamic? (vo) the only network with real-time reaction straight from the campaigns and from viewers like you. >> so keep on tweeting and maybe you'll have your voice...
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>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very, very high, but those people are still looking. >> the u-6 number for those cognizant. >> coming up -- >> you're right. republicans are in the dumps. you're right. >> no, they're trying to pretend the numbers that they depend on when they're good in their camp. >> you can't have it all. >> are skewed. >> i don't know. if it continues this way, i think republicans can have it all. >> they're not. not going to have it all. >> coming up -- i'm so excited for what's happening later in the show. we're going to talk to chicago mayor rahm
>> forget what jack welch said. i'm talking about people who are trying to say that perhaps people have given up. and if you look into the numbers of the bureau of labor and statistics put out, the number of people who are discouraged and have given up has gone down in the past year by 235,000. and in the past four years, by over 400,000. that number is being skewed out there by those who want to say that the job numbers aren't what they appear to be. long-term unemployment is still very,...
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ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate
ceo jack welch. unbelievable job numbers. they can't debate so they change the numbers. he appeared earlier today on "your world." >> these numbers don't smell right when you think about where the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took...
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rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who didn't say that? i just said that. >> let me finish. >> what are you talking about? i just said that. >> you actually didn't say that. >> i said it was wrong to go after stacey. are you seriously saying that i didn't say that? >> what i'm saying, charles, is that you can't just say that intolerance exists. what you need to be able to do is say when liberals are intolerant that it's wrong and call them out on it. you are somebody who they look up to. if you said it, if you called it out without having piers morgan pull it out of you, it -- >> nobody pulled anything out of
rick, what do you make of what happened to him, to jack welch? >> well, again, you know, i think what we just heard from charles, who is a prominent liberal, is exactly part of i think this problem, is that we whittle around the fact that when liberals are intolerant, we can't say it for some reason. we have to pretend like it's -- everyone is intolerant and we just can't say look, it's wrong to go after stacey because she's decided as a black woman to support mitt romney. >> who...
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instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please. >> a lot of people are saying that the government's cooking the books here. >> i'll tell you these guys are saying they feel like they cooked the books. >> look, i got to say, if you're cooking the books, 7.8% unemployment is a [ bleep ] recipe. it's like the radish stew of jobless numbers. if you're cooking, make a nice jambalaya, something nice for people. unemployment is 2.6%. >> enough said. with the election just weeks away, positive news about the economy ignites desperation among angry republicans. >>> last time i told you about republican congressman paul broun, the member of the house science co
instead of acknowledging the positive news, jack welch led a group of lesser lights saying the numbers must have been manipulated by the obama administration and that the unemployment rate couldn't really be below 8%. jon stewart weighed in. >> it's got to be corrupt political manipulation of the official statistics. what else would explain why after unemployment has been steadily declining for the last year that now suddenly right before the election it declines a little more? please....
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. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and could these shoes be coming to a shoe store near you some us ladies hope not. the so-called scary beautiful heels are backwards so it makes the feet point straight down like a ballerina. the designer says the shoes are a commentary on today's impossible standards of beauty. and apparently impossible to walk in. >>> san francisco stays alive, a bountygate update, and the space jump will have to wait. plus the athletics steal game three from the tigers. that's all coming up in sports. you're watching "first look" on msnbc. yeah. yeah. then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is
. >>> jack welch, the former head of general electric, will no longer contribute to reuters news and fortune magazine. welch's decision comes in the wake of controversy sparked by a tweet he sent last week suggesting the white house manipulated job numbers for political gain. >>> a doggy daycare outside of chicago has stepped in it with the nation's coffee chain. starbucks is asking star barks to change it name and its logo so that customers aren't confused. >>> and...